South African manganese ore prices remain stable in China
2023-03-31 08:30:29 [Print]
BEIJING (Asian Metal) 31 Mar 23 - Considering that the market runs slow, the majority of suppliers of South African manganese ore in China intend to maintain their current prices. Currently, the prevailing prices of South African manganese ore Mn 37%min Fe 5%max Si 6%max P 0.018%max keep at RMB34.5-35.5/dmtu (USD5.00-5.15/dmtu) at Tianjin port, unchanged from early this week. As most suppliers intend to firm their prices, insiders expect that the mainstream prices of South African manganese ore in China would remain unchanged in the following days.
A trader in North China noted, "Our quotation for South African manganese ore Mn 37%min Fe 5%max Si 6%max P 0.018%max stays at RMB34.5/dmtu (USD5.00/dmtu) with no concessions today, in line with early this week". The trader received an inquiry of 500t at RMB34/dmtu (USD4.93/dmtu) today and they still not decide whether to sell at this price. They last sold 500t at RMB34.5/dmtu (USD5.00/dmtu) early last week. Given the thin profit, the trader plans to remain their price stable and believes that the prevailing prices of South African manganese ore in China would stay flat in the coming days.
The trader, based on the regular monthly sales volume of about 20,000t, estimates to sell about 15,000t this month, down by nearly 5,000t from last month given the weak demand. They hold around 20,000t of stocks at the moment.
Another trader in South China revealed that their quotation for South African manganese ore Mn 37%min Fe 5%max Si 6%max P 0.018%max at Tianjin port hovers at RMB34.5/dmtu (USD5.00/dmtu) without counteroffers, on par with the beginning of this week. The trader refused a client who wanted to purchase at RMB32/dmtu (USD4.64/dmtu) today and they last sold 300t at RMB34.5/dmtu (USD5.00/dmtu) late last week. Based on the stable market, the trader intends to keep their price stable and expects the mainstream prices of South African manganese ore in China would remain steady next week.
With the regular monthly sales volume of around 5,000t, the trader forecasts to sell approximately 3,000t in March, down by nearly 2,000t from the previous month. The trader holds about 10,000t of inventory now.
A trader in North China noted, "Our quotation for South African manganese ore Mn 37%min Fe 5%max Si 6%max P 0.018%max stays at RMB34.5/dmtu (USD5.00/dmtu) with no concessions today, in line with early this week". The trader received an inquiry of 500t at RMB34/dmtu (USD4.93/dmtu) today and they still not decide whether to sell at this price. They last sold 500t at RMB34.5/dmtu (USD5.00/dmtu) early last week. Given the thin profit, the trader plans to remain their price stable and believes that the prevailing prices of South African manganese ore in China would stay flat in the coming days.
The trader, based on the regular monthly sales volume of about 20,000t, estimates to sell about 15,000t this month, down by nearly 5,000t from last month given the weak demand. They hold around 20,000t of stocks at the moment.
Another trader in South China revealed that their quotation for South African manganese ore Mn 37%min Fe 5%max Si 6%max P 0.018%max at Tianjin port hovers at RMB34.5/dmtu (USD5.00/dmtu) without counteroffers, on par with the beginning of this week. The trader refused a client who wanted to purchase at RMB32/dmtu (USD4.64/dmtu) today and they last sold 300t at RMB34.5/dmtu (USD5.00/dmtu) late last week. Based on the stable market, the trader intends to keep their price stable and expects the mainstream prices of South African manganese ore in China would remain steady next week.
With the regular monthly sales volume of around 5,000t, the trader forecasts to sell approximately 3,000t in March, down by nearly 2,000t from the previous month. The trader holds about 10,000t of inventory now.
